Category Archives: Misc. Commerical Bonds

Carriers Requiring $75K Bond Of Brokers By Oct. 1st To Do Business

There has been confusion as to whether freight brokers need their bond by 10/1 or 12/1.  What is clear is that many carriers working with brokers are requiring them to[...]

FMCSA Sends Out Revocation of Authority Letters To Freight Brokers

Freight brokers throughout the country are beginning to receive “Revocation of Authority” letters from the FMCSA.  There is no need to panic, as this is all part of the process[...]

Pitfalls of Funding BMC-85 Trusts Using Letters of Credit

BMC-85 trusts can be a nice stable solution for freight brokers that are financially strong enough to be capable of parting with $75,000.  Putting up that kind of money is[...]

South Dakota Grain Warehousemen Bond Update

The state of South Dakota has enacted a new surety bond claim procedure for warehouseman bonds. The new law is labeled HB 1036 and modifies the claim procedure for bonds[...]